Forex Candles Patterns - Doji Candles Pattern and Marubozu Candlestick Pattern

Candles Consolidation Patterns & Candlesticks Continuation Patterns - Doji Consolidation Candle and Marubozu Continuation Candle/h2>
Depending on the size and shape of a candle it is possible to determine the strength of buyers or sellers. Likewise, it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Candles

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candles.

When price makes a big move from the opening price to the closing price it shows the strength of buyers/sellers.

Long Blue Candles - Strength of Buyers

Long Red Candlesticks - Strength of Sellers

Forex Candle Setups

Long Body Candles

Short Body Candles

Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the closing price.

These show that the buyers/sellers were not very strong.

Short Body Candles

Marubozu Candle

Marubozu are long candlesticks that have no upper or lower shadows, Like the trading examples illustrated below.

Marubozu Candles

Marubozu are continuing candle patterns which show price is going to continue in same direction as that of the marubozu candlestick. The marubozu can be white/blue or Black/red depending on the direction of the market trend.

Technical Analysis of Marubozu Candlestick Pattern

White marubozu - the open is also the low and the close is also the high.

Marubozu means there were no retracements during that price period and therefore portrays that buyers were in total control of the price during the time of this marubozu candle.

White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same upwards trend direction.

Black marubozu - the open is also the high and the close also is low.

Marubozu means there were no retracements and therefore shows that sellers were in total control of the price during the time of this marubozu candle.

Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downward trend direction.

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Forex Candles Patterns - Doji Candles Pattern and Marubozu Candlestick Pattern

Long Body Candles

Short Body Candles

Marubozu Candle

Technical Analysis of Marubozu Candlestick Pattern